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By: Nadine James19th February 2019
JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... →

By: Tasneem Bulbulia18th February 2019
JSE-listed Aveng has entered into a binding term sheet for the sale of the Aveng Infraset businesses, comprising the South African division and the Infraset business of the foreign subsidiaries of Aveng Africa, to the Colossal Africa Consortium. Infraset was identified as a noncore asset during... →

By: Marleny Arnoldi18th February 2019
It is vital that Africa has a clear and cohesive vision in place for how it plans to use its gas reserves, says New Partnership for Africa's Development Business Foundation senior project manager John Rocha. Speaking at the Africa Gas Forum, on Monday, he pointed out that African countries have... →

By: Creamer Media Reporter 18th February 2019
“We are incredibly proud to be involved in some of the biggest infrastructure projects across Africa, including the $1.5 billion Tema Port Expansion Project for Meridian Port Services in Ghana,” said Joe Ndala, AECOM’s Managing Director of South Africa and Chief Financial Officer for the African... →

18th February 2019
Mozambique is no stranger to mega-projects with large foreign direct investments dating back to the 90’s. Mozambique, through its National Oil Company, has again partnered with International Oil Companies for the development of gas resources discovered in offshore Mozambique. RMB’s Oil and Gas... →

By: Paige Müller15th February 2019
Insurance company the Export Credit Insurance Corporation of South Africa (ECIC) says there are significant shortfalls and backlogs in Africa’s installed energy capacity, which is stunting the continent’s efforts to industrialise and expand its local economies. ECIC COO Mandisi Nkuhlu stresses... →

By: Paige Müller15th February 2019
The recent trend towards the development of renewable energy, including those based on smart grids and microgrids in Africa, has encouraged the establishment of a new renewable energy equity fund. With the Africa Energy Indaba set to take place from February 19 to 20 at the Sandton Convention... →

By: Martin Creamer14th February 2019
The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... →

By: Natasha Odendaal14th February 2019
The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... →

By: Reuters11th February 2019
United Real Estate, a unit of Kuwait Projects, and Marriott International said in a joint statement on Saturday that they had agreed to open a resort near Marrakech. Marriott said in October it had signed deals with partners to increase its hotels in Africa 50% by 2023, opening new ones in Ghana,... →

By: Esmarie Iannucci8th February 2019
ASX-listed New Energy has struck a deal to divest of the remaining 50% interest in the Caula graphite and vanadium project, in Mozambique.
New Energy has entered into a binding share sale and purchase agreement with private investment vehicle Auspicious Virtue Investment Holdings, which already... →

By: Marcel Chimwala8th February 2019
The European Union has agreed to €120-million for rehabilitation of stretches of the M1 road in Malawi, the longest in the country, which runs from the northern to the southern borders. The funds comprise a €80-million loan and a €40-million grant, which the European Investment Bank will make... →

By: Nadine James7th February 2019
State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced on Thursday. Discussions around this project... →

By: Kim Cloete7th February 2019
South African engineering, procurement and construction (EPC) company Lesedi has recently been awarded a contract to assist South32’s Mozal aluminum plant in its expansion project. The $38-million AP3XLE energy efficiency project was approved in the third quarter of 2017 and started the rollout... →

By: Bloomberg5th February 2019
South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion... →

By: Reuters1st February 2019
Anadarko Petroleum Corp said on Friday a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC to supply liquefied natural gas (LNG) from Mozambique. The deal will bring it one step closer to making a final investment decision for... →

By: Reuters1st February 2019
Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further U.S. interest rate hikes support demand, a Reuters poll found. All but one of ten analysts surveyed this week said it would be a... →

By: Reuters1st February 2019
Mitsui & Co on Friday cut full-year profit forecast by 2% due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said.
With 110 people confirmed dead and another 238 missing, according to... →

By: Bloomberg1st February 2019
Anadarko Petroleum Corp wants a fleet of at least six vehicles with armor heavy enough to stop AK-47 bullets at its natural-gas project in Mozambique. And it needs them soon. The company called for expressions of interest from potential suppliers of so-called B6 specification vehicles, and also... →

By: Tasneem Bulbulia1st February 2019
Ncondezi Energy continues to engage positively with the liaison committee regarding the approval of the project timetable for its integrated 300 MW power and coal mine project, in Tete, Mozambique. Ncondezi aims to deliver the first power from the project in 2023. →

By: Sheila Barradas1st February 2019
The Aveng Strabag Joint Venture, responsible for building the Mtentu bridge, has not returned to site following a three-month break as a result of violent community protests against the project. →

31st January 2019
Leading supplier Bearings International (BI) assists its sugar-industry clients with essential maintenance and equipment upgrades of sugar mills, especially in ‘off-crop’ season. BI has been supplying industrial power transmission products to the sugar industry for the past 60 years. An area of... →

By: African News Agency 31st January 2019
The United Kingdom (UK) Minister of State for Africa, Harriett Baldwin will arrive in Johannesburg on Thursday for a two-day visit to South Africa, the British High Commission said. Baldwin is set to hold talks with senior South African government officials, the business sector and civil society... →

30th January 2019
The Japan Oil, Gas and Metals National Corporation (JOGMEC) will be setting up an office in Johannesburg, South Africa on February 1, 2019, bringing the number of international JOGMEC offices to 14. “Recognising the immense potential which Africa has in supplying the world with natural resources,... →

By: Marleny Arnoldi30th January 2019
Aim- and AltX-listed Kibo Energy announced on Wednesday that its 60%-owned subsidiary MAST Energy Developments (MED) has started negotiating joint development agreements (JDAs) for two flexible power plants.
This should provide early revenue for Kibo, with the sites – 5 MW, 11 kVA and 20 MW, 33... →

By: Esmarie Iannucci30th January 2019
Graphite miner Syrah Resources is expecting to more than double production from its Balama project, in Mozambique, in 2019, as production continues to ramp up.
The ASX-listed company was expecting to produce some 250 000 t of natural graphite during 2019, subject to market conditions, with first... →

By: Tasneem Bulbulia29th January 2019
Xtract Resources on Tuesday reported alluvial mining contractors operating at its Manica project, in Mozambique, had produced about 1 328 oz of gold in the quarter ended December 31. Xtract continues to review the alluvial operations and introduce more equipment. →

By: Simone Liedtke29th January 2019
The Japan Oil, Gas and Metals National Corporation (Jogmec) will open an office in Johannesburg on February 1. This brings the number of international Jogmec offices to 14. →

By: Tasneem Bulbulia29th January 2019
Gemfields announced on Tuesday that it has agreed, on a no-admission-of-liability basis, the settlement of all claims brought by law firm Leigh Day on behalf of individuals living in the vicinity of Montepuez Ruby Mining’s (MRM’s) mining concession in northern Mozambique. Gemfields holds a 75%... →

By: Schalk Burger25th January 2019
Multinational glass fibre-reinforced polyester (GRP) pipes manufacturer Flowtite celebrated its 50-year anniversary with the local launch of its impact-resistant Grey-brand pipes last month. The pipes facilitate rapid, easy installation for heavy-duty water uses and the use of native backfill and... →

By: Natasha Odendaal24th January 2019
JSE-listed Vodacom’s international operations have boosted the group’s financial performance in the quarter ended December 31, 2018, after a dip in the South African operations. The group’s revenue was up 1.5% to R23-billion and service revenue increased by 2.4% to R18.9-billion, while group data... →

By: Irma Venter22nd January 2019
Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. →

By: African News Agency 22nd January 2019
The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however... →

By: Simone Liedtke21st January 2019
JSE-listed Gemfields is “particularly encouraged” by the increased level of mineral resource base and confidence underpinning the company’s most recent competent persons reports (CPR), despite results showing a decline since 2015. The CPR, which was produced by SRK Consulting in respect of... →